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Jones; Q What is a reverse mortgage?

April 26, 2017Jones reverse mortgage

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Jones; Q What is a reverse mortgage?

1 Answer

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Answer Given to Mrs. Jones A reverse mortgage is a home loan that lets a senior homeowner convert a portion of the home equity into cash. Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence.